Topics regarding layoffs at USAA

Topics regarding layoffs at USAA

They’re denying exceptions

If you don’t want to go in, this is the time to RUN and apply. Don’t let your manager talk about flexibility if remote is important to you. There are plenty of companies with remote roles. You have time to study for interviews now, so do it. Even... — read more 

Get out if you can

There are many much better options out there, you just need to start looking.

More Bank Layoffs Today

The bank quietly laid off a small number employees today. The stealth lay offs seems to preceded larger ones. So I anticipate more in the next few weeks. I remember months ago when Paul and company said the bank was done with lay offs for the... — read more 

I can’t believe this

I don’t work at USAA but I’m a member. I got this website when I was trying to figure out what was going on there, and frankly if I should pull my money from the bank and go someplace else. I honestly don’t know what to say, other than I’m... — read more 

Hired Remote, Exception Denied

For those hired remote after March 2021, it’s been confirmed the promise made at hire is not a valid exception regardless of what paperwork you have. If you live within 60 miles of an office, your status will be changed from remote to hybrid. It... — read more 

Tanking Pulse

USAA has hit a new low and the retribution policy is little more than lip service. More lies from Wayne’s crack pot failed big bank wanna-be executives. My team was warned today by our manager who delivered the message on behalf of our director... — read more 

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| 2120 views | | 7 replies (last June 15, 2023)
Post ID: @OP+1n745meM

Competitiveness

I feel awful when I start thinking about how much this place has been ruined by terrible leadership. We are less and less competitive, it's as if they don't care about competitiveness at all anymore?

Fire Wayne Peacock

How can you oversee a 1 billion dollar loss and keep your job? What value has his cost to the organization brought? How has he made USAA better? This is a continuously profitable company for a long, long time. Now we lose a billion and rather than... — read more 

Next Round/Rounds

I know some of you know when the next rounds are hitting. When will they be? We all know there has and continues to be working sessions on identifying who to let go.

How do they justify this?

Do you know this company never posted a loss in the history of the company even during the great depression, so how in the world do they justify a loss so big this year which obviously has resulted in layoffs. I think when they start laying off they... — read more 

Give me Severance!

I can’t stand this. The people they’ve laid off were doing their share of work. They kept the freeloaders and just enough of us who are also doing our share of the work, and who now have to do our share and the laid off employees share. But... — read more 

Job-search process

I've been noticing a reoccurring team among a good number of job openings I've been reading. The job description is very generic and vague. When you think about it, they could tell you anything and everything is your job once you sign. I've been... — read more 

The Pendulum

We all know that the pendulum swings. This is why some of my colleagues refuse to go back to certain companies and they have a very bad reputation in industry. It seems like not such a short time ago, talent was leaving USAA. Doesn't USAA realize... — read more 

Where is the Board?

All you have to do is skim the posts here, or on any other forum, or look at Pulse feedback, or listen to conversations around you when you’re in the office, and you know: things are terrible. Wayne and his yes men and women are driving this bus... — read more 

Explain to me like I'm stupid

(Because I sort of am) how the company lost billions of dollars Equibus paribus what sh---y decisions caused us to lose money when other similarly situated FI's made money or lost comparatively less?

Sinking ship

The leadership should be the ones thinking about that, but I'm curious what you think would stop or slow down the sinking of this company?

More layoffs coming

There are more layoffs planned in third and fourth quarters. If you want to keep your job, continue to suck up and stay busy. Outcomes aren't appreciated.

Culture

USAA Culture. Things observed and heard in 10 years. Couple of fine gentlemen loudly laughing about how they like to pull up to electric cars that have windows open and 'roll coal', flooring their diesel trucks to choke them with exhaust. ... — read more 

USAA is taking advantage of the dismal job market

Exploiting the fact that we are stuck here because of the dismal market and creating additional pressure on employees in order to squeeze them even more.... Isn't that a little lame even for this company?

New Leader on Deck

What are your thoughts on this. Again, love hearing about these changes externally don’t you??? Look at what all he’s in charge of. Think we will see some building decisions soon?... — read more 

The good thing about these layoffs and RTO

It woke me up. I used to believe this is a company that cares about its members and employees. USAA hides behind its "Mission" and supporting the military to justify lower wages, benefits disappearing, and expectation of extra work. Im... — read more 

Class Action Lawsuit?

For a while now, we were being promised more work. But none was forthcoming. Then they pull out the metrics to claim that a worker is not performing, and state to get off of the PIP, you have to improve the metrics. But how can this happen with no... — read more 

USAA has changed a lot

When one looks back at what this place used to be like, it seems that this is not even similar to the place it used to be?

Is it just me….

I’m noticing ALOT of positions opening through USAA that are offering much lower salaries for the positions that are already filled. Coincidence? I think not. #stormiscomin

Worried about life post-layoff :(

USAA is my first career, so I really have no frame of reference. I hear so much about how amazing the benefits are. The PTO policy here seems unmatched, same with the 401k policy. I’ve also heard the job market is awful right now. Can anyone soothe... — read more 

Managers at this place are clueless

They don't care about offering competitive salaries to attract smart, talented folks. No wonder the majority of the intelligent people with options up and leave for greener pastures elsewhere. It's like shooting ourselves in the foot and then trying... — read more 

AML Will be gutted

This Department will be slashed. So many bodies were hired and thrown at the consent order, causing a 30 to 40% overage of resources. Yes some were sent to Fraud to assist but the real cuts are yet to come. So if you are in AML (Detections/Invest)... — read more 

Will the EMG/C-Suite stay for a long time?

1 of the worst things at USAA has been the change from great military leaders to failed bank leaders and people who leave every 2 years after outsourcing. I do love USAA and I was thinking of sticking with it until those “leaders” leave, but unsure... — read more 

What areas affected?

Just left USAA (voluntarily) a few months ago. What areas have been hit by layoffs? Can’t believe WP got such a big raise…but who’s really surprised? He must have pics of someone on the Board to get (and keep) the CEO job. He screws up everything he... — read more 

Email about job duties

If anyone received an email to describe your job duties, that is NOT a good thing, especially if it comes after a re-org. That occurred in my previous area last July and 3 weeks later an entire team of business process consultants were given 60 days... — read more 

Done with USAA

I'm tired of working my a-s off for substandard pay and ridiculous benefits. I was going to wait to be laid off but I can't. I got an offer and while it's more responsibilities, at least I will be paid adequately for what I'm going to be doing. I... — read more 

Working in fear

If employees have to constantly think about becoming out of work, has the leadership given any thought to how this affects productivity? Or maybe they don't even care? I can't focus at all on things I have to do.

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